oil & eurofin

Fast upside run from a higher low last week, reaching daily res and 38.2% retrace of Mar-Apr range. US markets clocking a high correlation in recent couple weeks.

Be hard going for A/U to move up to 50% retrace and daily res up at mid 105s this soon, likely to test support down
at 104, and 23.6% retrace at 103.7s.

Copper rally up against resistance on daily and weekly coming across from Feb11-Feb12, however, Texas back up thru 2008-11 trend on weekly, and Brent only edged below its 08-11 support on daily, but stayed above on weekly.

To watch: Eurofin still under resistance, tested twice last week, possible upside break ahead.